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Competition between asymmetrically informed principals

✍ Scribed by Eric W. Bond; Thomas A. Gresik

Publisher
Springer
Year
1997
Tongue
English
Weight
232 KB
Volume
10
Category
Article
ISSN
0938-2259

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✍ BEN O. BRILOT; RUFUS A. JOHNSTONE πŸ“‚ Article πŸ“… 2002 πŸ› Elsevier Science 🌐 English βš– 173 KB

Recent signalling models have shown that honest, cost-free communication between relatives can be stable. Moreover, cost-free signalling equilibria are in some cases more efficient than costly equilibria. However, we show that they are also relatively uninformative, particularly when relatedness bet